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Hey i gotta friend in Missippi whose Brother was in car sales....owns a Chicken Farm....Contracted with Sandersons Farms...and has just opened a small car lot with his brother..it seems to be doing pretty well...they go to the car auctions buy a car in the $3000 range and sell it they have bout 9 cars on the lot if I'm not mistaken....in about 2 months...I told him hes going to be on TV before long.... I got to know him because he likes to collect guns...Rugers to be exact...
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Type in "short" and it will give you mutual funds that short the market and its various sectors. I can't hide the fact I'm a contrarian and conservative, but even I'm not shorting anything right now. However, the put/call ratio is very, very low right now, 0.21, indicating some bears have gone bullish. If you really want to go against the trend, this is your time. I recently did some checking up on an investment newsletter I receive from Investech. Investech has a good long-term track record, but Hulbert Financial Digest also ranked Value Line at the top. My brother ran a test on stocks recently ranked at 1 for Timeliness (highest rating). A block of 20 stocks has returned 19% since November. Of course November marked a recent low-point in the market, but damn, 19%. TOL's price/book is low relative to its peers. Who knows how much further it can dip. When in doubt, know that it will generally overshoot the highs and lows. KBH looks like crap. Short might work there. If you don't know where to go right now, you can't go wrong with 28-day US Treasury bills. In the last auction, rates spiked 20 basis points to 4.66% (beating virtually every high-yield savings accounts around). |
how can you get 28-day US Treasury bills? through E-trade or something?
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Tabs, If you have bokoo bucks in the bank and have never raced, why the hell live in the first place? I had an uncle with your philosophy, owned over 2000 propertys in the 1950's, worth back then in the millions. He is dead. He never lived a day in his life either, but he had millions in cash as well as real estate.
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31.92% since Jan 2nd...I wish I had more stock in CAT
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You can purchase bills and bonds and have the funds drawn direct from your bank account. |
Snow...Mother told me to tell you that she gets a high just counting her money....and that she loves the smell of money in the mornining...
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ryan |
Here's a comment from a landlord forum:
"Set up a company with a defined benefit plan and pump tens of thousands into your retirment, not the pennies allowed with an IRA ro 401k. A company paid health insurance can be more generous than anything else on the market and is 100% deductable. Contributions to the plan are tax deductable and you can invest it how every you want. It can even be set up so that you can re-use to invest in more property." So, if you have a business, you have access to more tax breaks. |
I suggest Personal Finance for Dummies. It mentions a bunch of the stuff that has been written here in very simple terms.
I find with Tax rules, the key is just knowing what is available. If you run your own business, I would recommend talking to a Tax planner, not preparer. If you have a preparer, do a bit of research on your own and then ask questions. The problem with preparers is that they make all there money during tax season, so the more they can do, the more they can make. As a result they will often not ask questions that they should because they don't want to slow down the return process. They just want it done. I am amazed at the things I find out studying tax. David |
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